hedger
Info
The hedger is a Expert Advisor for MetaTrader 5 that idea by:eugene-lastmq5 code by:the ea hedges a too losing position. suppose thereis an open buy position on a given symbol (the position has been opened by another ea or manually).
Usage
This tool is typically used for hedging and risk management in volatile market conditions.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use hedger
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
idea by:eugene-lastmq5 code by:the ea hedges a too losing position.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: ee s hedger - another powerful expert for MetaTrader 5 traders.
idea by:
eugene-last
mq5 code by:
the ea hedges a too losing position.
suppose thereis an open buy position on a given symbol (the position has been opened by another ea or manually). as soon as the losses on this position, in pips, exceed the pre-defined level of
Also recommended: two per bar - similar expert with strong performance on MetaTrader 5.
drawdown (opening a hedge), the ea will open a hedging sell position with the same lot size. then that new sell position will be tracked and, as soon as its losses, in pips, exceed the predefined level of
drawdown (closing the hedge)
, the ea will close that hedging sell position.
to demonstrate how it works, a buy position opening operation was added for the tester mode only.
You may also like: Simple Hedge Panel for MT4/MT5 - excellent alternative for expert users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.